Core Insights - Sigma Lithium Corporation reported its first net income of $4.7 million for Q1 2025, marking a significant milestone in its operational performance [5][17] - The company achieved production volumes of 68,308 tonnes, a 26% increase year-over-year, and sales volumes of 61,584 tonnes, a 17% increase year-over-year [6][9] - The company is strategically positioned to enhance cash generation while advancing the construction of Plant 2, which is expected to significantly increase production capacity [5][22] Financial Performance - Revenues for Q1 2025 reached $47.7 million, a 28% increase compared to Q1 2024, despite a slight decline in sales volumes from the previous quarter [9][11] - The cost of sales was reported at $34.2 million, reflecting a 19% increase year-over-year, with a cost of sales per tonne averaging $556 [11][12] - Cash gross margin for Q1 2025 was 35%, down from 42% in Q4 2024, primarily due to higher costs of sales [15] Operational Metrics - The company maintained a cash operating cost of $458 per tonne, which is 9% below the 2025 target of $500 per tonne [12][13] - All-in sustaining cash costs (AISC) averaged $622 per tonne, remaining below the full-year target of $660 per tonne [13] - The average revenue per tonne increased by 10% year-over-year to $774 [8] Production and Expansion Plans - Sigma Lithium expects to reach a total production of 270,000 tonnes for FY25, with ongoing construction of Plant 2 aimed at doubling production capacity to 520,000 tonnes [10][29] - The company is actively pursuing long-term prepayment and offtake agreements to secure financing and support the construction of Plant 2 [19][5] - Civil works at the Plant 2 site are ongoing, with initial equipment deliveries expected in Q3 2025 [22] Balance Sheet and Liquidity - As of March 31, 2025, cash and cash equivalents totaled $31.1 million, a 32% decrease from the previous quarter [18] - The total amount of short and long-term debts was reported at $165.3 million, with net interest paid in Q1 2025 totaling $1.1 million [18]

Financial Data and Key Metrics Changes - The company is currently pre-revenue and has an accumulated deficit of $56.4 million as of Q1 2025, compared to $52.6 million in FY 2024, indicating a significant increase in losses year-over-year [26] - The net loss for Q1 2025 was $3.8 million, which is $2.4 million higher than the previous year, driven primarily by increased general and administrative costs [26] - Cash and cash equivalents increased to $1.6 million in Q1 2025 from $0.9 million at the end of FY 2024, reflecting improved liquidity [25] Business Line Data and Key Metrics Changes - The company has incurred substantial operating losses as it prepares for commercial production of battery-grade lithium, with operating expenses expected to rise as personnel are recruited [26] - Net cash used in operating activities totaled $2.9 million for the quarter, up from $0.9 million in the prior year, indicating increased investment in operations and hiring [27] Market Data and Key Metrics Changes - The macro outlook for lithium remains strong, with global demand expected to more than double by 2030, driven by sectors such as electric vehicles and energy storage [4] - The evolving landscape of U.S. trade policies and tariffs has introduced volatility, but also highlights the strategic advantage of domestic operations for the company [6][9] Company Strategy and Development Direction - The company is advancing one of the largest lithium refineries in America, aimed at addressing the domestic refining capacity shortage and aligning with federal clean energy priorities [5] - The focus is on building a resilient supply chain for critical minerals, with efforts to engage with policymakers and align with national initiatives [10][19] Management's Comments on Operating Environment and Future Outlook - Management views current market conditions as a generational opportunity, emphasizing the importance of domestic lithium production amid geopolitical uncertainties [5][8] - The company is optimistic about the support from the U.S. government for critical minerals, which is expected to benefit its operations and align with national security goals [9][36] Other Important Information - The company has secured necessary permits for construction, including a general stormwater permit, and has confirmed that no industrial wastewater permit is required due to its closed-loop system [15][46] - A key service agreement has been executed with Oklahoma Gas and Electric to develop a dedicated electric substation, ensuring scalable power for the facility [17] Q&A Session Summary Question: Timeline for the final report of the engineering study - The company expects to release the final report of the engineering study within the current quarter [30][33] Question: Impact of federal support on green energy initiatives - Management believes that the prioritization of American mineral security under the new administration creates opportunities that may outweigh pressures on green energy initiatives [34][36] Question: Progress on securing feedstock for domestic supply - The company is well advanced in discussions regarding multiple supply opportunities for lithium feedstock, with a receptive market for domestic refining [44] Question: Outstanding permits needed before construction - The company has made substantial progress on permitting and is permitted to move forward with construction, having received necessary stormwater and minor air permits [45][46] Question: Increase in operating cash flow - The increase in operating cash flow is attributed to project development costs and operational cost increases related to going public and additional hires [51][52] Question: DLE equipment pilot facilities - The company has observed a ramp-up in upstream activity related to DLE technology and is using proven off-the-shelf technology for its midstream processing facility [56][58] Question: Sourcing of equipment and technology - The company is making efforts to source equipment domestically and has established guardrails to exclude equipment from foreign entities of concern, while some machinery may still be sourced from friendly jurisdictions [60]

ZUG, Switzerland, May 14, 2025 (GLOBE NEWSWIRE) -- Lithium Argentina AG (“Lithium Argentina” or the “Company”) (TSX: LAR) (NYSE: LAR) today announced its first quarter 2025 results. Unless otherwise stated, results are presented in United States dollar. Sam Pigott, Lithium Argentina’s President and CEO, commented: First-quarter performance highlights our focus on cost discipline at Cauchari-Olaroz. The operation performed as expected, with planned maintenance and optimization activities – aimed at enhancing ...

Report Industry Investment Rating - Not provided Core View of the Report - The supply of domestic lithium carbonate in May is expected to be loose, and the price of lithium carbonate is likely to fall rather than rise. It is recommended that investors mainly lay out short positions when the price rebounds. Pay attention to the support level around 30,000 - 63,000 and the resistance level around 68,000 - 73,000/75,000 [5] Summary of Relevant Catalogs 1. Lithium Carbonate Futures Market - **Price and Volume Data**: On May 13, 2025, the closing prices of the near - month, consecutive - one, consecutive - two, and consecutive - three contracts of lithium carbonate futures decreased compared to the previous day. The trading volume of the active contract decreased by 96,901 hands, while the open interest increased by 9,895 hands. The inventory increased by 93 tons [1] - **Spread and Basis Data**: The spreads between different contracts and the basis also changed. For example, the spread between the near - month and consecutive - one contracts decreased by 200 yuan, and the basis (SMM battery - grade lithium carbonate average price - lithium carbonate active contract closing price) increased by 820 yuan [1] 2. Lithium Spot Market - **Lithium Ore and Lithium Compound Prices**: The prices of lithium spodumene concentrate, lithium mica, and various lithium compounds such as lithium carbonate, lithium hydroxide, and hexafluorophosphate showed different degrees of decline or stability on May 13, 2025, compared to the previous day [1] - **Price Difference Data**: The price differences between different grades of lithium compounds also changed. For example, the price difference between battery - grade lithium hydroxide and battery - grade lithium carbonate decreased by 100 yuan [1] 3. Industry News - **Project Construction**: On May 10, 2020, the 2GWh lithium iron phosphate energy - storage battery manufacturing project of Zhejiang Jiaxing Aolifu Photovoltaic Technology Co., Ltd. in Wudalianchi Economic Development Zone, Heilongjiang Province, with an investment of 780 million yuan, is targeted to be put into production by the end of October this year. Tianci Materials is actively promoting local production capacity construction in the United States and Morocco to expand overseas markets for electrolytes and hexafluorophosphate [2] - **Tariff Policy**: On May 10, the China - US joint statement on the economic and trade meeting indicated a general reduction in tariffs on China. The import tariffs on Chinese automotive and non - automotive lithium batteries in the US decreased to 8.1% and about 11% respectively, which is a significant positive for the lithium - battery industry's exports to the US [3] 4. Supply and Demand Analysis - **Supply Side**: The 30,000 - ton wet - process project of Tianqi Lithium's Greenbushes plant may be put into production in October 2025, which may lead to a decline in the price of domestic lithium ore and an increase in production or imports in May. The production of domestic lithium carbonate in May is expected to increase, and the supply is expected to be loose. Some production lines will undergo inspections, and new production capacities are planned to be built [4] - **Demand Side**: The monthly average production cost of lithium iron phosphate with different production processes in China is 11,000 - 13,000 yuan/ton, and the production and inventory in May may increase. The production of some lithium - battery materials such as cobalt - containing compounds may also change due to various factors [4][5]

| | | | | | WoW | YoY | | | MoM | YoY | | --- | --- | --- | --- | --- | --- | --- | --- | | Building materials activity | | | | LGSB issuance (Rmb bn) | | | | | Weekly cement shipments | | | | May-25 175.3 | | | | | North China | 51% -3.3 ppts | | -5.0 ppts | YTD | 1340.9 | | 22% | | Central China | 50% -2.7 ppts | | -5.9 ppts | As of annual quota | 26.5% | | | | East China | 52% -2.0 ppts -11.0 ppts | | | | | | | | South China | 50% -7.1 ppts | | -2.9 ppts | Investment of new projects start (Rmb tn) | | | ...

| 元重期货 | | | 碳 锌 8 评20250509: 国内碳酸锂5月供给预期偏松,三元材料厂库存量较上周减少 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 交易日期(日) | 2025-05-08 | 2025-05-07 | 2025-04-29 | 较昨日变化 | 近两周走势 | | | 近月合约 | | 64500.00 | 64120.00 | 66100.00 | 380.00 | | | | | 收盘价 | | | | | | | | 连一合约 | 收盘价 | 64280.00 | 64200.00 | 66240.00 | 80.00 | | | | 连二合约 | 收盘价 | 65240.00 | 65320.00 | 66260.00 | -80.00 | | | | 连三合约 | 收盘价 | 65240.00 | 65320.00 | 67460.00 | -80.00 | | | | | 收盘价 | 64280.00 | 64160.00 | 66260.00 | 120.00 | | | 碳酸锂期 ...

Sigma Lithium continued to demonstrate its operational resilience delivering strong financial performance: Production of 68,308t of lithium oxide, above target and 26% higher than 1Q24. CIF China Cash Costs and All-In Sustaining Costs: US$458/t and US$622/t, respectively 8% and 6% better than FY 2025 targets. EBITDA and adjusted EBITDA for non-cash expenses: US$10m and US$11.4m, respectively, representing 21% and 24% EBITDA margins; and a significant 28% increase in revenues compared to 1Q24. The Compan ...

EARNINGS PRESENTATION FIRST QUARTER 2025 :PLL ARBN 647 286 360 :PLL May 7, 2025 DISCLAIMERS Forward Looking Statements 2 Q1'25 EARNINGS SNAPSHOT This presentation contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, construction and production activities of Sayona Mining, Atlantic Lithium and Piedmont Lithium; current plans for Piedmont's mineral and chemical processing ...

Piedmont Lithium (PLL) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants ​John Koslow - IR Manager and FP&AKeith Phillips - MD, CEO, President & DirectorMichael White - Executive VP & CFONoel Parks - Managing Director - Energy Research Operator Thank you for standing by. My name is Carrie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Piedmont Lithium Earnings Conference Call. All lines have been placed on mute to ...

Piedmont Lithium (PLL) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 Thank you for standing by. My name is Carrie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Piedmont Lithium Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the call over to Mr. John Coslow, Investor R ...